Hong Kong-based climate tech startup Allinfra has raised $6 million in Series A funding led by Japan’s biggest brokerage firm, Nomura, to expand its software that helps businesses be more environmentally friendly.
Both new and existing investors participated in the funding round, said Allinfra cofounder and CEO Dave Sandor in an announcement on Wednesday. Existing investors include the sustainability-focused UPC Capital Ventures, digital asset-focused BC Group, New York-based VC firm FJ Labs (which backed the likes of Alibaba and Korean fintech billionaire Lee Seung-gun’s Viva Republica), ACRE Investment and blockchain technology company ConsenSys.
Allinfra said the funds will be used to expand its climate change-products, including Allinfra Climate, a dashboard that tracks a company’s environmental preservation performance (such as saving energy from electricty), as well as the tokenization platform Allinfra Digital, which allows investors to buy and sell renewable energy panels and other infrastructures in a digital form.
“Allinfra has always prioritized hiring high-caliber talent motivated to leverage the latest technology for positive climate action,” Sandor said in the announcement. “Over the next few months we’ll be expanding the team across a range of skill sets.”
Continue reading: https://www.forbes.com/sites/jaydecheung/2022/05/26/blockchain-powered-climate-tech-startup-raises-6-million-in-funding-led-by-nomura/?sh=7b548ce64baf
Both new and existing investors participated in the funding round, said Allinfra cofounder and CEO Dave Sandor in an announcement on Wednesday. Existing investors include the sustainability-focused UPC Capital Ventures, digital asset-focused BC Group, New York-based VC firm FJ Labs (which backed the likes of Alibaba and Korean fintech billionaire Lee Seung-gun’s Viva Republica), ACRE Investment and blockchain technology company ConsenSys.
Allinfra said the funds will be used to expand its climate change-products, including Allinfra Climate, a dashboard that tracks a company’s environmental preservation performance (such as saving energy from electricty), as well as the tokenization platform Allinfra Digital, which allows investors to buy and sell renewable energy panels and other infrastructures in a digital form.
“Allinfra has always prioritized hiring high-caliber talent motivated to leverage the latest technology for positive climate action,” Sandor said in the announcement. “Over the next few months we’ll be expanding the team across a range of skill sets.”
Continue reading: https://www.forbes.com/sites/jaydecheung/2022/05/26/blockchain-powered-climate-tech-startup-raises-6-million-in-funding-led-by-nomura/?sh=7b548ce64baf
